For the same reason, I think Arnott will have a hard time maintaining his percentage-point lead over the cap-weighted Russell 1000.

FORBES: Betting Against Market Fads

For now, the European economy does not seem to be doing too badly, though Lehman Brothers reckons that every 5% rise in the trade-weighted euro shaves about a quarter of a percentage point off growth and inflation.

ECONOMIST: Buttonwood: Dollar dilemma | The